mCloud Technologies Corp (MCLD)

[DVP25]

A lot of info in the PR this morning, but not really a whole lot new.

We got the exact Q4 asset count, but we already knew it was going to be "near 60K" so no real surprise there. Another small tranche of converts issued. The rest is mostly a bunch of news that had already been released, with maybe the exception of a few new details including ...

Regarding wind analytics, the company "expects to augment its current capabilities with the launch of a new performance analytics offering later this year"

Regarding 3D digital twins, new customers "include an AssetCare engagement with a US government facility to leverage AssetCare's 3D laser scanning capabilities ..."

Looks like some new connected worker functionality was added and this might be the 1st time we've heard "AssetCare Mobile is now deployed to dozens of facilities in North America, the EU, and Asia-Pacific."

So, it's certainly nice to hear about some progress being made outside of the commercial building and O&G segments.

https://investor.mcloudcorp.com/press-releases/press-releases-details/2021/mCloud-Reaches-59462-Total-Connected-Assets-in-2020-Closes-Fourth-Tranche-of-Convertible-Equity-Debenture-Totalling-US6.583-Million-in-Aggregate/default.aspx